IFM targets private equity with new director Jun 1, 2021 – 12.00am Share New IFM Investors board director Theresa Whitmarsh says the $160 billion Australian superannuation fund-owned investment manager is looking to expand its private equity book as it entrenches its foothold in the North America. New IFM board director Theresa Whitmarsh. Ms Whitmarsh joins the board of IFM as she prepares to depart the Washington State Investment Board, the $US165 billion pension fund she has served for the past two decades, as the Australian asset manager grapples with a growing foothold in the US infrastructure market and as its client base shifts to North America.